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Search Results 0 to 24 of about 25 (some duplicates have been removed)
as this week. >> pope benedict xvi giving his last sunday blessing to a massive crowd in st. peter's square. thanking the faithful before he resigns on thursday. and italians are heading to the polls today in a crucial parliamentary election that could shape their future. italy is one of europe's biggest economies. >> kelly: office depot's acquisition of office max among mergers that have been announced recently. wall street appear to have approved but the mergers must get by the justice department. lately they have made a habit of blocking similar deals. what is going on here? joining us is brenda buttner, anchor of "bulls and bears", and always good to see you. why are we seeing so many of these messager deals taking shape? >> money. there is so much corporate cash on the sidelines that has not been invested. essentially what is happening, i think outside the financial sector, it's estimated there is $1.7 trillion on the sidelines in corporate cash reserves. they need to do something with that money. they are feel more confident. they are going to go on a shopping spree and essentially bu
the final blessing of pope benedict. the 100,000 people on hand got the blessing and heard the hope give more reasons. he told the crowd that god told thime live a life of more prayer and medication. the 85-year-old pontiff said god asked him to live his life with the same dedication but in a way more appropriate for his age and strength. >> gratitude, expression and prayer. >> very happy to hear that he is not going away from this and that he is going to be in prayer. i was moved to hear those words from him. >> i was very grateful y. have seen the pope before. now i am grateful to see the pope for the last time for now. >> reporter: this very joyous event played out against background of news scandal. headlines about priests accusing scottish cardinals of inappropriate behavior going back some 30 years. those priests and the former priests want cardinal o'brien to resign immediately before he comes here to vote for the new pope. a papal spokesperson says the pope will be informed about the matter and the vatican will issue a statement tomorrow morning. >>> pope benedict will make his l
people. pope benedict xvi, the first pope they've known and the old who know how his story is. gathering to hear the last testament. and looking on the cardinal, one of these men could soon be pope, the first from pope benedict, a prayer. a final message to his follower followers. >> ask each of you to pray for me and for the new pope i impart my blessing. thank you. [ applause ] >> reporter: this frail man choosing a quieter life. so very different from his predecessor john paul who stayed until the very end. anthony from pennsylvania witnessed both pope's last sermons. >> they're courage in different ways. in opposite ways but the same degree of courage. >> reporter: the pope summoning the strength to say good-bye, giving up one of the most powerful roles on earth. meeting publicly with the faithful one last time. >> savannah as the pope got up to leave. there was a wave of emotion. people calling out to him, waving good-bye. many people held up banners saying thank you in return. pope benedict told the faithful i have never felt this way. >> thank you. greg burke is the senior communi
. >>> the cardinals are meeting at the vatican to the defendant" the vatican announced pope benedict changed church law to allow allow the process to begin without the 15-day wait period. the new pope could begin before the beginning of holy week. cardinal william la veda will take place. they speak with laveda today to see what he anticipates will event. >>reporter: william laveda never thought he would be part . >> it's pretty challenges. >>reporter: he's focussing in seminary. at 76-year-old at former cardinal will be of 115 cardinals who will select the next leader of the catholic church. >> we'll look for a mix of things. i'll look for a younger -- a younger man who still has energy at least for awhile. >>reporter: kindergarten national laveda leaves for roam tomorrow. he needs to rekindle the faith of the catholics. >> better ways of communication, better ways of presenting the beauty of the faith. >>reporter: mike russo of saint marry's college. says the days before the conclave starts they will have informal meetings to decide what they're looking for in a new leader. >> areas of concern co
to turn to the headlines coming in right now on the pope. we just learned that benedict will be called emeritus pope and will wear white after he steps down next week. his retirement this week is being clouded by scandal, as there are more calls to stop an american cardinal from participating in the election of the next pope. abc's david wright is in rome right now with the very latest. good morning, david. >> reporter: good morning, elizabeth. the process to replace pope benedict is now on the fast track. we've also just learned that the deacon of the college of cardinals will summon the cardinals on friday to their first meeting, which will take place on monday, march 4th. never before has the cardinal given the conclave amidst a scandal. and that raises the pressure for the other cardinals tainted by scandal, among them, roger mahoney, who for years, covered up for pedophile priests. for 24 hours, britain's cardinal keith o'brien has holed up in this home in scotland. >> the holy father accepted the resignation of cardinal o'brien. >> reporter: on sunday, a british newspaper reporte
turned out to the oscar party. in downtown san rafael, sergio quintana, abc news. >> pope benedict gave his blessing in vatican city as the rumors swirled over his sudden resignation. >> the pope gave thanks to the crowd of 100,000 in saint peter's square. on thursday pope benedict will become the first to resign in 600 years. he will live in a monistary. the pontif is stepping down because of a sex and blackmail scandal that is about to be made public. a man connected to the catholic church's sex scandal is on his way to rome to help pick the successor. cardinal roger mahoney tweeted he will keep followers informed of the proceedings. this morning mahoney spent hours being deposed on a sex abuse alaskan del that -- on a sex abuse scandal on his watch. he has apologized for his actions. >>> a reward has been set up for a missing bay area couple traveling in peru. abc7 news reporter lilian kim with more on that story. >> it has been a month since thib has heard from them. and the co-workers are now taking action. they set up a reward fund that has grown to $3,000 for information leading
and internet. rethink possible. >>> in just three days pope benedict xvi will formally resign and as he prepares to step assign 11 u.s. cardinals are preparing to vote for a new pope, among them a former san franciscoian cardinal. another representative who will be attend that go conclave. kris sanchez has more. >> reporter: at 13 tim says he was raped and abused by his parish priest. as cardinals head to rome to select the next pope, he does not want retired cardinal roger mahoney to be among them because of his role in shielding pedophile priests. >> those kind of officials, no matter what institution, should not be part of the process of any decision of the hierarchy. >> reporter: but cardinal mahoney of los angeles has said he would not recuse himself from the conclave and he has the support of former san francisco archbishop laveda who departs for the conclave himself tomorrow. >> he is the first one to have said and apologized for the error in judgment he made as a young bishop 0. >> reporter: saturday cardinal mahoney was deposed in a lawsuit out of l.a. alleging he helped cover
to the headlines coming in right now on the pope. we just learned that benedict will be called emeritus pope and will wear white after he steps down next week. his retirement this week is being clouded by scandal, as there are more calls to stop an american cardinal from participating in the election of the next pope. abc's david wright is in rome right now with the very latest. good morning, david. >> reporter: good morning, elizabeth. there's never before been a precedent for a cardinal stepping aside because of a scandal. now there is. that make it uncomfortable for other cardinals tainted by scandals. among them, roger mahoney, who, for years, covered up for pedophile priests. for 24 hours, britain's cardinal keith o'brien has holed up in this home in scotland. >> the holy father accepted the resignation of cardinal o'brien. >> reporter: on sunday, a british newspaper reported he sexually harassed four seminarians in the 1980s. while o'brien insists the presence were false, his presence at the conclave would be a distraction. there's another scandal, one that is demonstrably true, that a
filled st. peter's square for pope benedict's final blessing. four days he will step down as head of the catholic church. the vatican is dealing with new allegations today involving one of its cardinals. anne thompson has more. good morning. >> reporter: good morning, erica. it's a mixture of joy and intrigue here in vatican city. this morning catholics and the curious jammed st. peter's square to hear pope benedict's final blessing. this got not only a blessing but the pope also shed light on why he resigned. god had called him on the mountain to live a life of more prayer and meditation but he wasn't going to abandon the church. the 85-year-old pontiff said that god had had asked him to live this life with the same kind of dedication but to do so more in a way appropriate to his age and strength. now, this very joyous event took place against a background of scandal. there are new headlines in britain this morning, three priests and a former priest accused the scottish cardinal keith o'brien of inappropriate behavior going back some 30 years. they want cardinal o'brien to resign
to rome to see pope benedict xvi. he gave his final blessing on a sunday to a massive crowd at the vatican. he will make his final public pier rance wednesday and official stlips down thursday. the cardinals will decide when to begin the conclave. archbishop washington will help choose the new hope but he doubts it will be an american. >> i don't think it will be who is supposed to be reminding them the responsibility to build peace. >> they hope to have the new hope in place by holy week. >> jimmy johnson does it again at daytona. >> the daytona 500 goes to jimmy johnson five time champion from california. >> congrats to him. johnson starting the season with his second win at daytona. he is the 10th driver to do that. the first women winning the poll for daytona that is the highest finish ever for a woman. that's your 5 at 5:00. >> heather is the new car racing expert around here. >> the area hit by a blizzard while many are recovering a record breaking snowstorm. they are expected to drop another foot of snow on areas stretching from texas to kansas. big concern the road conditions. mari
benedict xvi steps down. two italian papers say the reason he's leaving has nothing to do with his health and much more so to do with his explosive 300 page report. among the allegations here, secrets about a network of gay priests blackmailed by a group of male prostitutes. but, the vatican says the contents of this report will, as they say, remain for the pope's eyes only. >> the holy father has decided that the acts of this investigation known only to himself remain solely at the disposition of the new pope. >> and as you can imagine, the fallout is going global. today, one of the uk's highest ranking catholic leaders resigned as he's dogged by accusations of sexual abuse. i want to go straight to christiane amanpour, live tonight in rome. tell me what exactly is cardinal keith o'brien accused of and what does his resignation thus mean for the vote for the next pope? >> reporter: well, look, brooke, here we are standing in front of st. peter's, right there, the heart of the vatican. as you say, they are in damage control and they really did not expect that the last few days of the pope
of benedict's papacy, while scandal and intrigue engulf some of the men who will choose the next pope. even in his final days as pope, scandal continues to dog benedict's papacy and the church. italian newspapers headline rumors of blackmail and conspiracy that the vatican vehemently denies. american cardinal roger mahony has ignored calls to stay home from a conclthat chooses the next pope because of his role protecting abusive priests. scottish cardinal keith o'brien, who commented on mahony's situation last week. >> someone has erred and we have anoth another. >> reporter: today cardinal o'brien resigned after being accused by three priests and former priest of inappropriate behavior going back to the 1980s. ugly headlines that one vatican watcher says will shape the deliberations of the conclave. >> some of this is politics, but other parts of it are the long delayed, reckoning with problems that require facing and correcting in the church. >> reporter: the scandals have left many of the faithful weary. >> i'm a true believer and i hope that catholics will get a better name these days.
earlier today says, once retired the benedict will be known as emeritus pope. he will continue to wear the white and trade-in his famous red shoes. the prada red shoes, for a pair of handcrafted brown loafers out of mexico. why is that important, i wonder. martha: i have no idea. bill: benedict officially retires on 2/28. which is thursday. the first pope to do so in 600 years. martha: italian loafers on one foot and mexican --. going green has some folks in falmouth, massachusetts, is seeing red today. the wind turbines they say not only decreased home values and disrupted people's sleep and making people sick. the community is taking them down after the hubbub it took to put them up. a whole lot of problems for the folks in cape cod. molly line is live from falmouth. good morning, molly. >> reporter: good morning, molly. two turbines that were erected above the falmouth community here in cape cod were intended to create green energy and energy savings. they have created division here in the community. they may be removed at a high cost. that is because neighbors are complaining about
on the way to see pope benedict the 16th. sunday he gave his final blessing to a massive crowd. he'll make a final appearance wednesday and officially step down thursday. then the cardinal will decide when to pick the next pope. >> i don't think it will be seen as a very good thing if the pope who is supposed to be reminding them of their responsibilities to build peace. >>gretchen: the vatican plans to have the new pope in place by holy week. hamid karzai kicking troops out of a crucial region. he ordered special forces to leave the province outside kabul in two weeks over abuse claims. afghan security officials claim afghan troops are harassing, torturing and killing innocent people in villages. karzai demands the u.s. hands over individuals involved. the u.s. is investigating the claims. >> jimmy johnson does it again at daytona. >> the daytona 500 goes to jimmy johnson, five-time champion. >>gretchen: johnson starting the season with his second win at daytona, the tenth driver to do that. danica patrick, the first woman to win, finished eighth. saturday's crash still on everyone's mind
an hour. just hours ago, pope benedict bestowed his final sunday blessing overlooking st. peter's square. he told a crowd estimated at 100,000 people that he will take up a life of private prayer and will continue to serve the church. wednesday will be his last public audience and thursday is his final day as pope. the nation's governor in town for talks this weekend, the deadline and how much it may cost their states is driving the discussion. a democrat, head of the national governors association said he's worried the automatic cuts would send states into recession. >> we are very concerned, particularly the effect on the economy. i think a lot of us feel like after some very difficult years, things are getting a little bit better. unfortunately, this could put us right back where we were. >> my advice to the president, stop the campaigning, stop getting the campaign secretaries to scare your people. do the hard work of governing. >> shannon: senator john mccain's calling on the president to call a summit. and senator lindsay graham is calling on the president to take a pay cut for eve
and dictator park chung hee. >> pope benedict 16 says that he will be taking up a life of prayer. the remarks came as he spoke to about of who gathered at st. peter's square with a weekend. earlier this month, he announced his resignation which is to take place thursday. rooms around the reason for the resignation include the cover-up of the gay conclave. the vatican has denied these rumors. >> it will feel real good this weekend at all week long leading up to the weekend it will feel fantastic with temperatures in the mid-60s and steadily warming as we head for the coming weekend. something to look forward to. we will be right back. =dj >> we are back. it was hollywood's biggest night of the year. nisjelle turner's shows us who won big a kick at rewards common shares of a the other high point of the night. >> michelle obama presented the oscar to the film of the year. >> and the oscar goes to our argo . >> life o fpi one the most oscars including best director. >> life of pi. >> he paid one of the greatest presidents in history and daniel day-lewis made history of is on becoming the first m
story tonight-- a new controversy is rocking the vatican in benedict the 16th's final days as pope. a report. first published in the rome daily details an investigation by three cardinals into a network of gay priests that were blackmailed by a group of male prostitutes. it also contains information on financial wrongdoing within the vatican. the vatican responded by saying the story is an attempt to use public opinion to influence the cardinal's decision in the upcoming new pope election. >> a class action civil trial stemming from the b-p oil disaster gets underway today court. the 20-10 oil rig explosion killed 11 people. and millions of gallons of oil polluted the gulf of mexico. the trial has been divided into two phases. phase one will focus on the actions that led up to the explosion. phase two will determine the financial penalties bp and others will face for violating the clean water act. and the natural resource damage assessment. almost 60 lawyers in all will fill the courtroom. >> the white house turning up the heat on congress today with a state by state breakdown of w
$4.16. in san jose $4.17. >> pope benedict the 16th has changed the rules of the conclave that will lead his successor, allowing part of to move up the start date if all of them arrive in russia for the usual 15 a transition between pontificates. benedick signed a legal document, issued this morning, with some line by line changes in the 1996 vatican law governing the election of a new pope. it is one of the last act as pope before resigning thursday. the date of the conclave started support because holy week begins march 24th, with easter sunday march 31st. in order to have a new pope in place, he would need to be installed by sunday, march 70. a tight timeframe if a conclave for to start march 15th. >> president obama says a little compromises all congress needs to turn off automatic, across-the-board budget cuts set to kick in less than a week from now. while, obamas says the so- called sequester will slow the economy and hurt the middle class, many republicans are calling the issue and problem and leadership. >> i will not put all the blame on the president of the nine
Search Results 0 to 24 of about 25 (some duplicates have been removed)